PLEDGE
Quiz
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Education
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University
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Medium
Sally Cabangis
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20 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A pledge, to be valid, must be clearly described on a ...
Private instrument
Check
Public instrument
TCT
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The pledgor can sell a thing pledged with the ___ of the pledgee.
Knowledge
Consent
None of the above
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An instrument, to be considered public, must be administered by a...
Judge
Executor
Priest
Notary Public
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The pledgor or mortgagor must be the ___ owner of the thing pledged or mortgaged.
Absolute
Conditional
Registered
Two of the above
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
An appropriation by the creditor of the thing pledged is ___.
Valid, if consented to
Conditional
Null and void
Enforceable
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Excluded from chattel mortgage
Motor vehicles
Vessels
Buildings
Machinery attached to real property
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The property is security for a debt.
Voluntary
Equitable
Legal
Conventional
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